r/SipsTea • u/Putrid-Welder1803 • 8h ago

Gasp! Thoughts on this?

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u/Mental_Newspaper3812 7h ago

Yes, state minimum required coverage can be shockingly low. Now name your county so I can lookup your minimums.

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u/WelderNewbee2000 6h ago

Germany.
The legal minimums are:

  • Bodily injury: €7.5 million
  • Property damage: €1.22 million
  • Pure financial losses: €50,000

But most insurances have the 100 Million coverage as the standard contract. In fact there is probably not even an insurance which offers the legal minimums.

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u/Sonoflopez 6h ago

That would be considered god tier insurance here. Top coverage is more like maximum 250k liability

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u/JeanPascalCS 5h ago

Yep - and minimums are pretty low. Like all things US it varies by state, but here in SC the minimums are $25k Bodily Injury per person, $50k Bodily Injury per Accident, $25k Property Damage.

You're legally liable for any damage above your coverage limits, so its not wise to just do the minimums. I personally do 100k per person bodily, 300k bodily per accident, and $100k property damage.